Consider the following statements regarding hilsa fish: 1. Hilsa is an anadromous fish - it lives mostly in the sea but migrates into freshwater rivers to spawn. 2. Hilsa belongs to the catfish order, most species of which are found in freshwater rivers of South Asia. 3. Hilsa holds a Geographical Indication (GI) tag registered in the name of Bangladesh, which also recognises it as its National Fish. Which one of the following conclusions based on the above statements is correct?

All three statements are correct.

There are two correct statements, including statement 1.

There is only one correct statement.

Consider the following statements regarding bond yields: 1. Bond yields and bond prices move in the same direction; a sell-off in government bonds, therefore, causes yields to fall. 2. A bond is a debt instrument through which a government borrows money from investors, promising periodic interest and repayment of principal at maturity. 3. A sustained rise in yields tends to make borrowing costlier across the economy, including for mortgages and business loans. Which one of the following conclusions based on the above statements is correct?

All three statements are correct.

There are two correct statements, including statement 2.

There is only one correct statement.

During the ongoing Special Intensive Revision (SIR) of electoral rolls, a Booth Level Officer (BLO) found a registered elector untraceable at the given address on a single visit, and accordingly proposed deletion of the entry in the draft roll without any further attempt or recorded justification. 'X' argued that this action is valid, since the ECI's SIR exercise empowers BLOs to delete any entry they find doubtful. 'Y' argued that this action does not conform to the safeguards notified by the Election Commission, which require a minimum number of repeated visits and a recorded justification before an elector can be treated as untraceable. Based on the above, select the correct conclusion from the options given below:

'X' is correct, since the notified safeguards apply only to deletions on account of the death of an elector.

'Y' is correct, since the ECI's notified safeguards require a minimum of two-three attempts and recording of reasons before an elector can be treated as untraceable.

The views of both 'X' and 'Y' are correct.

The view of neither 'X' nor 'Y' is correct.

Quest Daily CA Quiz 16-09-2026

2026-09-16

Test your knowledge with daily current affairs

Question 1: Consider the following statements regarding the MERCOSUR : 1. MERCOSUR is a North American regional trade bloc established in 1991. 2. MERCOSUR currently comprises six full member states including Bolivia. Which of the statements given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Question 2: Consider the following statements regarding the Great Indian Bustard (GIB): 1. The Great Indian Bustard is listed as 'Critically Endangered' on the IUCN Red List. 2. It is among the heaviest flying birds found in India. 3. It is also known by names such as 'Godawan' and 'Sohan Chidiya’. 4. The Great Indian Bustard is the state bird of Rajasthan, and its captive breeding programme is based at a Conservation Breeding Centre in Rajasthan. How many of the above statements are correct?
- Only one
- Only two
- Only three
- None
Question 3: Consider the following statements regarding 'Dronathon-2026' and 'Vayu UTtaM': 1. 'Vayu UTtaM' is an indigenously developed, multi-mode Unmanned Traffic Management (UTM) system of the Indian Air Force, capable of detecting and tracking both military and civil unmanned aircraft. 2. Dronathon-2026 was organised exclusively for DRDO to test its own counter-drone systems and did not involve participation from private defence companies or start-ups. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Question 4: Consider the following statements regarding the Merchant Discount Rate (MDR): 1. MDR is the fee charged by a merchant's bank (the acquiring bank) or payment service provider for enabling a digital payment, and is usually deducted from the transaction amount before the remaining sum is credited to the merchant. 2. MDR is distinct from the 'interchange fee', which is a separate fee paid by the acquiring bank to the card-issuing bank as part of a card transaction. 3. A 'zero-MDR' regime has applied uniformly to every mode of digital payment in India - including all credit card, debit card, and UPI transactions - without exception, since January 2020. How many of the above statements are correct?
- Only one
- Only two
- All three
- None
Question 5: Consider the following statements regarding hilsa fish: 1. Hilsa is an anadromous fish - it lives mostly in the sea but migrates into freshwater rivers to spawn. 2. Hilsa belongs to the catfish order, most species of which are found in freshwater rivers of South Asia. 3. Hilsa holds a Geographical Indication (GI) tag registered in the name of Bangladesh, which also recognises it as its National Fish. Which one of the following conclusions based on the above statements is correct?
- All three statements are correct.
- There are two correct statements, including statement 1.
- There is only one correct statement.
- There is no correct statement.
Question 6: Consider the following pairs of multipurpose river projects in the Upper Yamuna basin and the rivers on which they are located: 1. Kishau Multipurpose Project - Tons River 2. Renukaji Multipurpose Project - Yamuna River (main stem) 3. Lakhwar Multipurpose Project - Giri River How many of the above pairs are correctly matched?
- Only one pair
- Only two pairs
- All three pairs
- None of the pairs
Question 7: Consider the following statements regarding the revision of India's GDP base year: 1. The Ministry of Statistics and Programme Implementation has revised India's GDP base year from 2011-12 to 2022-23, with 2022-23 chosen as it represents a relatively 'normal' year after the disruptions of the COVID-19 pandemic. 2. Under the new series, India's estimated GDP size for earlier years has increased compared to the old series, while the estimated real growth rate for 2025-26 has come down. 3. Along with GDP, the base years for the Consumer Price Index (CPI) and the Index of Industrial Production (IIP) have also been revised as part of the same statistical modernisation exercise. Which of the statements given above is/are correct?
- 1 and 2 only
- 1 and 3 only
- 2 and 3 only
- 1,2 and 3
Question 8: Consider the following statements regarding bond yields: 1. Bond yields and bond prices move in the same direction; a sell-off in government bonds, therefore, causes yields to fall. 2. A bond is a debt instrument through which a government borrows money from investors, promising periodic interest and repayment of principal at maturity. 3. A sustained rise in yields tends to make borrowing costlier across the economy, including for mortgages and business loans. Which one of the following conclusions based on the above statements is correct?
- All three statements are correct.
- There are two correct statements, including statement 2.
- There is only one correct statement.
- There is no correct statement.
Question 9: Consider the following statements regarding the Defence Research and Development Organisation (DRDO): 1. DRDO functions under the Department of Defence Research and Development, Ministry of Defence, and is India's apex agency for defence-related research and development. 2. DRDO functions as a Central Public Sector Enterprise (CPSE) under the Department of Public Enterprises, and its Chairman reports directly to the Ministry of Finance for budgetary approvals. Which of the statements given above is/are correct?
- 1 only
- 2 only
- Both 1and 2
- Neither 1nor 2
Question 10: During the ongoing Special Intensive Revision (SIR) of electoral rolls, a Booth Level Officer (BLO) found a registered elector untraceable at the given address on a single visit, and accordingly proposed deletion of the entry in the draft roll without any further attempt or recorded justification. 'X' argued that this action is valid, since the ECI's SIR exercise empowers BLOs to delete any entry they find doubtful. 'Y' argued that this action does not conform to the safeguards notified by the Election Commission, which require a minimum number of repeated visits and a recorded justification before an elector can be treated as untraceable. Based on the above, select the correct conclusion from the options given below:
- 'X' is correct, since the notified safeguards apply only to deletions on account of the death of an elector.
- 'Y' is correct, since the ECI's notified safeguards require a minimum of two-three attempts and recording of reasons before an elector can be treated as untraceable.
- The views of both 'X' and 'Y' are correct.
- The view of neither 'X' nor 'Y' is correct.

Quest Daily CA Quiz 16-09-2026

Question 1: Consider the following statements regarding the MERCOSUR : 1. MERCOSUR is a North American regional trade bloc established in 1991. 2. MERCOSUR currently comprises six full member states including Bolivia. Which of the statements given above is/are correct?